Mahindra LifeSpaces Kanakapura Road - An Overview
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Mahindra LifeSpaces Kanakapura Road is an upcoming residential project by Mahindra LifeSpaces.
Let us discuss about the location and the surroundings of this project.
If we talk about Bangalore Real Estate Market, it has rise from a town that had middle class families who either worked for HAL or BHEL to a Silicon Valley consisting of people from all over the world has been nothing less than phenomenal. The up-gradation from Bangalore’s cold, foggy mornings, mildly warm summers, tree lined avenues that lent a crisp freshness to the air to Bangalore’s hot, humid days, chaotic traffic, and broken roads has been rapid.
Bangalore Real Estate Market has been a stable market that has observed a gradual growth in capital values; however average rental yields are comparatively better ranging between 2 to 4% as compared to cities such as Mumbai where yields are about 1 to 3%.
But it is the micro markets of Bangalore that holds great interest for the investor who is looking for capital appreciation.
Bangalore has enlarged beyond, much beyond, what Kempegowda, its founder, visualized. This city limits now enlarge to places that were once considered farmland. Now there are flats for sale in Kanakapura Road, which is one of those places that's now considered within the city but was once a village.
Where is Kanakapura Road Located?
The Kanakapura City is situated in Ramanagara district, which is popular for its silk and even sports the nickname Silk City. Situated just 55 kilometres from Bangalore city centre, Kanakapura is now a state highway that's also fast becoming a busy suburb.
The best locations for Bangalore Real Estate Investors are near the International Airport in Devanahalli, Sarjapur, and Kanakapura as well as Mysore Road. These areas have sprung up around a need – the need for easy access to the airport or social infrastructure. Connectivity is developing, but of these areas, Mysore Road and Kanakapura have already benefited from the Namma Metro project.
Earlier, it was also known as Kankanhalli Road, and led to the river Arkavathi.
During the 1950s it was a dirt road that was surrounded by the thick forests of Harohalli, Kaggalipura, Tataguni and Yediyur.
Legend has it that the name Kankanahalli arised from a building owned by a man named Kanakana, which was shred down by Jagadeva Raya, the chieftain of Chennapatna to build a fort.
What are the major places to see in and around Kanakapura?
Kanakapura offers easy access to many idyllic picnic spots that are ideal for a day trip or a brief getaway from far away from the noise of the city. Here are a few of them.
Thottikallu Falls or TK Falls, also called as Swarna Mukhi falls, is situated off Kanakapura Road, about 32 kilometres from Bangalore city. Though located in an isolated place, it gets a little number of visitors, particularly during the monsoon when the falls are heavy.
Turahalli Forest is located about 20km from Bangalore off Kanakapura Road and has currently become famous among cyclists. Marked by rugged and hilly terrain ideal for a rejuvenating cycle riding or a good trek, Turahalli is home to eucalyptus trees, a small hillock that provides a great view of Bangalore, and a small temple.
Chunchi Falls, located just about 30 km away from Kanakapura, is famously rated as one of the most scenic waterfalls near Bangalore. The rainfall feed the river Arkavathi during the monsoon, which adds to the force of the waterfall. The view of the water tumbling over the rocks on the banks of the river is brilliant one.
Bilikal Rangaswamy Betta is situated around 30 km away from Kanakapura and is popular among trekkers. The name ‘bilikal’ is derived from the whitish colored rocks that dot the hillside and the temple atop the hill, which is located under a huge rock, is reachable from Kanakapura Road.
The Art of Living centre is located in a 65 acre area and provides enough attractions for a pleasant day trip. Visit the Vishalakshi shrine set amid gorgeous manicured lawns and providing a great view, walk along the duck pond, the Radha Kunj Lake with its variety of birds and have an Ayurvedic lunch at their cafe.
Amenities and Infrastructure
South Bangalore has always been at the forefront of development with various industries and SEZs creating it their base. Already established and well developed infrastructure as well as plenty of lung space in the form of lakes and parks have made South Bangalore the go to area for people searching to invest in real estate.
Kanakapura Road, being in South Bangalore, has been the heart of progress. There have been many luxury apartments in Kanakapura Road.
While Kanakapura continues to retain a rural glory with its lush greenery, small shops and eateries, and huts that line the clean and well road that passes through it, development and modernity are also seen in the big wholesale outlet of retail giant Metro, and factory units of various brands such as Khoday’s and Maiya’s.
In current times, Kanakapura has extended at a blistering pace to encompass the entire social infrastructure required to make it an extremely attractive place for living.
Some of the best schools of Bangalore are located near Kanakapura Road:
Renowned hospitals such as Vasan Eye Care, Apollo, Fortis, and Sri Sai Ram are all located in close proximity to Kanakapura Road.
One of the most awaited projects is the Krishna Lila Theme Park being built-in on Vaikuntha Hill on Kanakapura Road. Billed as the Indian version of Disneyland, this cultural and religious complex is being built across the 28 acre hillock and is expected to attract tourists as well as normal residents.
Contrast to the rest of Bangalore, which is facing evacuation by 2025 if the water tables continue to be depleted, Kanakapura Road is slightly better thanks to the various lakes in the area and its proximity to the Cauvery river. “Two factors, the presence of a high water table and availability of land parcels that came about with change in land use, triggered growth on this road.
Kanakapura Road is ultimately well connected by road and Metro to many parts of Bangalore, including Jayanagar, JP Nagar, and Bannerghatta Road, which are in close proximity.
Easily reachable from NICE road, it is easy to get to the employment hubs of Electronic City and Sarjapur Road. It is just about 45 km away from the international airport, and BMTC buses ply regularly.
The Namma Metro Phase II enlarge is in the works and will expand for 6.2 km from Konankunte to Majestic with Kanakapura having a station of its own, which will be highly beneficial to residents and other institutions.
Work on the Peripheral Ring Road (PRR) is going at a good pace and once done it will connect Kanakapura Road to Tumkur Road, Old Madras Road, and Hosur Road.
These developments in the existing infrastructure of Kanakapura Road, including the approval of the Peripheral Ring Road, linking Tumkur and Hosur Road will have a positive impact on Real Estate prices.
The advantages of investing in Kanakapura Road
The rise of real estate on Kanakapura Road definitely catches one’s attention. Buildings of all sizes that vary in price line either side of Kanakapura Road.
Prominent Builders in Kanakapura
Kanakapura Road commands prices that range between ₹ 3,600 and ₹ 7,500 per square ft in 2017, depending on the brand of the builder. These prices are expected to rise by 8% in the next one year while prices along the main road might go up by 15%-20% in the next year and a half.
Kanakapura has been one of the most beautiful locations for investment for people in the IT industry due to its brilliant connectivity, good social infrastructure and relatively traffic free roads.
Moreover, since price movement is not ultimately fast, as yet, in the area, it is still a very viable option for real estate investment.
Top ready to occupy properties in Kanakapura
Kanakapura has a great variety of real estate to select from ranging from budget apartments to luxury villas. Some of the more famous properties are gated communities that include facilities such as swimming pools, clubhouses, sports centres, gardens, and ATMs.
Here are few of the top most builders present on Kanakapura Road.
Mahindra LifeSpaces Kanakapura Road
Mahindra Kanakapura Road is a new launch residential project by Mahindra LifeSpaces located at Kanakapura Road Bangalore.
It has 2 BHK and 3 BHK apartments for sale in Kanakapura Road. The apartments Kanakapura Road, the 2 BHK flats will be affordable with monthly EMI’s.
SOBHA Forest View
Sobha Forest View is one of the more costlier and luxurious of the options available on Kanakapura Road and is spread over 13 acres of land.
It has 2, 3 and 4 BHK apartments with a price range of ₹ 92 lakhs to 2.25 crores. The price per square ft range from ₹1,506 to ₹3,242 and the complex has all standard facilities.
Mantri Serenity is one of the apartment complexes that fall into the mid range band.
Set across 43 acres, it provides 2 and 3 BHK flats in Kanakapura Road. The price per sq ft is ₹6,190 and prices range between ₹60 lakhs to ₹1.2 crores and it has all the standard facilities in addition to some special features such as an indoor swimming pool with a Jacuzzi, a gym with a steam room, sauna and spa, an aqua gym, a creativity room, and a unisex parlor.
Work is ongoing, but many of the apartments are ready to move in.
Prestige Lake Ridge
Located over 16 acres, Prestige Lake Ridge is one of the more luxurious properties situated just off Kanakapura Road in Uttarahalli and provides spacious 1, 2, 2.5 and 3 BHK apartments. Ranging between 661 square ft and 1750 square ft, Prestige Lake Ridge apartments are aimed at offfering luxury and comfort at low cost rates with the price per sq ft being Rs 4,575 as of 2016.
The complex has all facilities, including some uncommon ones such as a reading room, crèche, mini theatre, launderette, and a cards room. Other, more common, facilities include sports facilities, swimming pool, clubhouse, and a spa and health.
Brigade Meadows is one of the best affordable providing from the well known Brigade Group on Kanakapura Road.
Spread across over 60 acres, Brigade Meadows provides 1, 2, and 3 BHK apartments, 1800 units.
Situated very close to the Art of Living centre, the complex has all basic facilities like a supermarket, a clinic, and even a coffee shop in its vicinity for the residents. Within the area of the complex, there is a clubhouse, swimming pool; children’s play areas, walking tracks, and sports facilities.
Price hovers around ₹4,240 per square ft as of Oct 2016.
Kanakapura vs the rest of Bangalore
As with any area, Kanakapura Road has its positive and negative impacts. While the advantages are many, as enumerated above, Kanakapura Road has a few disadvantages too.
Though well-connected, a resident of Kanakapura Road still requires a minimum commuting time of 30 to 45 minutes to reach any of the Information Technology parks or commercial areas.
Kanakapura is still in awful need of good pavements and proper, clean drainage facilities. Open manholes and a dearth of bright streetlights still epidemic this area.
According to research report by Knight Frank India, South Bangalore is 2nd only to East Bangalore in being the best performing market thanks to a low Quarter to Sell (QTS) rate.
With the sales velocity of the region improving in the past few quarters and with infrastructure development in the offing, the situation is expected to amend further, states the report.
Most of the new launches in Bangalore have been happening in the Southern part of the Kanakapura, which includes Kanakapura Road with the promise of better infrastructure on the horizon.
All of these factors, assisted by current initiatives from the government promoting low cost housing such as tax incentives and buyer friendly clauses, no doubt, are what has catapulted Kanakapura Road to the top of the list of desirable locations to invest.
And going by the trend, it will remain there for a long-time to come.
Looking for luxurious projects across India? Check out our other residential projects managed by us..Lodha Crown Thane Majiwada, SOBHA Windsor Whitefield Bangalore, Mahindra Kanakapura Road, Reliance Industrial Plots and Mahindra Tathawade Pune.
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Noopur writes the content on real-estate from several years and she is one of the few writers who provide the thought-provoking content on best properties deals.